Tag: things

Have bitcoin and its cousins, and the related initial coin offerings, already peaked?

Big bankers have called bitcoin a fraud; the Chinese government has not only banned ICOs but told the country’s bitcoin exchanges that they need to shut down by the end of this week (they’ve all headed for the door already).

But if the bitcoin price is any guide, the currency and the derivatives it has spawned aren’t going anywhere.

After plunging below $3,000, bitcoin is back up to around $3,800—six times what it was a year ago.

And as long as people still believe in them, they will continue—but don’t count on the stratospheric prices to last.

The mind behind Ethereum, Vitalik Buterin, is matter-of-fact about the crypto.

In short, he believes what interviewer Raval Navikant called “brain virus” is the true future of security and economics and, with the right incentives, Ethereum can replace things like credit card networks and even gaming servers.

“Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications,” he said.

“A good blockchain application is something that needs decentralization and some kind of shared memory.”

Buterin doesn’t think everything should run on the blockchain but many things can.

Blockchain is not a zero-sum game and its implementation across various sectors is going to be an overall positive for businesses, German software company SAP’s chief strategy officer said Wednesday.

Deepak Krishnamurthy spoke to CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian, where he said blockchain will complement SAP’s supply chain business.

We have the largest supply chain product in the enterprise software industry, so having blockchain supply chains connect with SAP supply chains is going to be value-creating for our customers,” he said.

Krishnamurthy said the technology’s adoption is going to benefit companies such as SAP by automating a lot of paper-based transactions.

Blockchain is not a zero-sum game and its implementation across various sectors is going to be an overall positive for businesses, German software company SAP’s chief strategy officer said Wednesday.

Deepak Krishnamurthy spoke to CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian, where he said blockchain will complement SAP’s supply chain business.

We have the largest supply chain product in the enterprise software industry, so having blockchain supply chains connect with SAP supply chains is going to be value-creating for our customers,” he said.

Krishnamurthy said the technology’s adoption is going to benefit companies such as SAP by automating a lot of paper-based transactions.

Blockchain is not a zero-sum game and its implementation across various sectors is going to be an overall positive for businesses, German software company SAP’s chief strategy officer said Wednesday.

Deepak Krishnamurthy spoke to CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian, where he said blockchain will complement SAP’s supply chain business.

We have the largest supply chain product in the enterprise software industry, so having blockchain supply chains connect with SAP supply chains is going to be value-creating for our customers,” he said.

Krishnamurthy said the technology’s adoption is going to benefit companies such as SAP by automating a lot of paper-based transactions.

Blockchain is not a zero-sum game and its implementation across various sectors is going to be an overall positive for businesses, German software company SAP’s chief strategy officer said Wednesday.

Deepak Krishnamurthy spoke to CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian, where he said blockchain will complement SAP’s supply chain business.

We have the largest supply chain product in the enterprise software industry, so having blockchain supply chains connect with SAP supply chains is going to be value-creating for our customers,” he said.

Krishnamurthy said the technology’s adoption is going to benefit companies such as SAP by automating a lot of paper-based transactions.

Blockchain is not a zero-sum game and its implementation across various sectors is going to be an overall positive for businesses, German software company SAP’s chief strategy officer said Wednesday.

Deepak Krishnamurthy spoke to CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian, where he said blockchain will complement SAP’s supply chain business.

We have the largest supply chain product in the enterprise software industry, so having blockchain supply chains connect with SAP supply chains is going to be value-creating for our customers,” he said.

Krishnamurthy said the technology’s adoption is going to benefit companies such as SAP by automating a lot of paper-based transactions.